Chipper Cash, the pan-African fintech startup, has reinstated its US money transfer services two months after a temporary suspension. The pause followed a restructuring exercise that reduced its US and UK workforce, affecting 20 employees, as the company shifted its focus to its African operations.
US-based users can now send money to friends and family in Chipper Cash’s African markets, including Nigeria, Ghana, Rwanda, and Uganda. The company highlighted improvements in its service, stating that its optimized account top-up feature provides customers with dedicated bank account details, simplifying the process of sending money to Africa.
Customers are encouraged to update the Chipper app on the Apple App Store and Google Play to access these changes.
Chipper Cash initially launched its US operations a year ago, securing money transmitter licenses across all 50 states, enhancing its global licensing portfolio to 55. The company’s Chief of Staff, Connor Headrick, noted that these licenses reflect Chipper’s global reach and commitment to regulatory compliance.
The suspension in January was linked to the company parting ways with its banking partner, temporarily halting US money transfer services. Now fully operational again, Chipper Cash continues to build on its $305 million in funding raised across six rounds led by Ribbit Capital and Bezos Expeditions.
The platform boasts 5 million verified users, with 1.4 million customers actively using its services every quarter. The resumption of US operations reinforces Chipper Cash’s commitment to connecting global markets and maintaining its position as a leading cross-border payments platform.
